Purchased by onetime Bank of America Chairman and CEO, David Coulter, along with his wife, Susan Weeks Coulter, for $15.225 million in 2006, the 9,100-square-foot Presidio Heights mansion at 3444 Washington Street returned to the market with an $18 million price tag early last year, having failed to sell when suddenly listed for $17.5 million in mid-2008 as well.

The previously renovated six-bedroom home features some big views from its upper floors, not to mention an outdoor amphitheater with an adjacent outdoor kitchen/snack bar under the home’s rear deck.

And as a plugged-in reader correctly notes, the resale of 3444 Washington (very) quietly closed escrow last month with a $14 million contract price, purchased by a fashionable couple who recently returned from an extended stint in London.

12 thoughts on “Banker’s Eight-Figure Presidio Heights Pad Fails to Fetch its ’06 Price”
  1. I can see this home’s appeal after living in London. For a comparable neighborhood, this would have been much more expensive in London.

    1. Yes you are right about London. This place is pretty nice and stylish IMO, not that its in my price range….but compare this to the comparable uber rich level junk/excess/bloat we see down in the southbay on this site. This is style.

      1. I concur that this is “nice and stylish” but it seems unfair to single out the SB for architectural crimes: there’ve been any number of SF horrors shown on this site, and I think once the amount of new construction in the different areas is taken into account, they are likely comparable.

        1. That’s true, good point! This is the first truly nice and classy one in a long time maybe.

  2. “Lowered” demand due to superstitious Asians staying away from a home address with all those number 4s….

  3. It’s a lovely home. I toured it a few years back. It feels very “London” so the new buyers don’t surprise me. I am a little surprised that the owners took less than then what they paid, instead of waiting it out.

    1. Yes, his “mere” ten year wait to sell this since originally listed in 2008 just feels positively rushed.

      1. Yes, because you are conversant with precisely how they utilized the property during those 10 years. [/sarcasm]

  4. The amphitheater will require one or two blankets on each seat.

    While they made changes, at least they preserved most of the interior architecture. It is a very nice house, in a neighborhood that 35 years ago was inhabited by upper middle class doctors (including the house immediately east) and lawyers and architects, but now only the very rich. Gentrification comes to PresHts!

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